The Tax Lawyer Blog: Topical thinking from the lawyers at Moskowitz, LLP

New Tax Rules for Deducting Executive Compensation

Posted on December 19, 2018April 25, 2019 by Moskowitz LLP Business Law, Tax Planning & Compliance,

The Section 162(m) $1 million deduction limit for executive compensation has been further restricted under the new tax law. The performance-based and commission-based pay exemptions have been eliminated, CFOs have been added to the list of covered employees, and all companies that report to the SEC are now subject to...

Save Now While Saving for Later: Retirement Funds and Year-End Tax Planning

Posted on December 12, 2018April 25, 2019 by Moskowitz LLP Tax Planning & Compliance, Estate Planning & Taxation,

The new tax law did not change the rules regarding retirement plan contributions and their limits. Taxpayers can still lower their taxable income by making contributions to their retirement savings plans before year-end. The Employee Benefit Research Institute’s 2018 Retirement Confidence Survey indicates that only 32% of retirees are “very...

Tax Law and the Horse Industry: Part VIII, At the Racetrack

Posted on November 21, 2018February 13, 2019 by Moskowitz LLP Business Law, Tax Planning & Compliance,

Other Posts in this Series Part I: Impact of the New Tax Law Part II: Proving Intent to Make a Profit Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VI: Deducting Horse-Related Business Expenses...

Tax Law and the Horse Industry: Part VII, Buying, Selling, and Trading Horses

Posted on November 19, 2018April 25, 2019 by Moskowitz LLP Business Law, Tax Planning & Compliance,

Tax Law and the Horse Industry: Part VI, Deducting Horse-Related Business Expenses

Posted on November 16, 2018April 25, 2019 by Moskowitz LLP Business Law, Tax Planning & Compliance,

Tax Law and the Horse Industry: Part V, Taxation of Horse-Related Business Activities Under The New Tax Law

Posted on November 12, 2018February 16, 2021 by Moskowitz LLP Tax Planning & Compliance, Business Law,

Other Posts in this Series Part I: Impact of the New Tax Law Part II: Proving Intent to Make a Profit Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part VI: Deducting Horse-Related Business Expenses Part VII: Buying, Selling, and Trading Horses Part VIII: At the Racetrack...

Tax Law and the Horse Industry: Part IV, Proving Active Participation

Posted on November 9, 2018February 13, 2019 by Moskowitz LLP Business Law, Tax Planning & Compliance,

Other Posts in this Series Part I: Impact of the New Tax Law Part II: Proving Intent to Make a Profit Part III: Incorporating Your Horse-Related Business Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VI: Deducting Horse-Related Business Expenses Part VII: Buying, Selling, and...

Tax Law and the Horse Industry: Part III, Incorporating Your Horse-Related Business

Posted on November 7, 2018January 3, 2022 by Moskowitz LLP Tax Planning & Compliance, Business Law,

Other Posts in this Series Part I: Impact of the New Tax Law Part II: Proving Intent to Make a Profit Part IV: Proving Active Participation Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VI: Deducting Horse-Related Business Expenses Part VII: Buying, Selling, and Trading...

Reduce Your Tax Bill With Year-End Charitable Giving

Posted on October 31, 2018April 25, 2019 by Moskowitz LLP Business Law, Estate Planning & Taxation, Tax Planning & Compliance,

There are many reasons that people donate to charities and the charitable giving tax deduction has always been one of them. However, by eliminating many other itemized deductions and increasing the standard deduction, the new tax law has reduced the tax incentive for charitable giving. Many taxpayers feel that they...

Year-End Tax Strategies for Your Businesses in 2018

Posted on October 31, 2018April 25, 2019 by Moskowitz LLP Business Law, Tax Planning & Compliance,

Although the best tax planning for business owners takes place throughout the year, you still have some opportunities to save before the end of the year. Since last year, the Tax Cuts and Jobs Act of 2017 (TCJA) has created some business tax planning challenges, but a number of its...

Tax Law and the Horse Industry: Part II, Proving Intent to Make a Profit

Posted on October 31, 2018February 13, 2019 by Moskowitz LLP Business Law, Tax Planning & Compliance,

Other Posts in this Series Part I: Impact of the New Tax Law Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VI: Deducting Horse-Related Business Expenses Part VII: Buying, Selling, and Trading Horses Part...

Tax Law and the Horse Industry: Part I, Impact of the New Tax Law

Posted on October 29, 2018February 16, 2021 by Moskowitz LLP Tax Planning & Compliance, Business Law,

Other Posts in this Series Part II: Proving Intent to Make a Profit Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VI: Deducting Horse-Related Business Expenses Part VII: Buying, Selling, and Trading Horses Part...

First Steps to Establishing Your New Business: Management and Risk

Posted on October 9, 2018February 13, 2019 by Moskowitz LLP Business Law, Tax Planning & Compliance,

Other Posts in this Series Choosing the Right Business Structure for You, Part I Choosing the Right Business Structure for You, Part II The Initial Paperwork Other Filings, Other States Know Your Business Taxes As part of your initial business planning, it is prudent to have an attorney assist you...

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